Looking for capital or to build an enterprise in the Palmdale Transit area, this corner property is located in the heart of it all. Use ''''as is'' (M1) or build a newer development with commercial and residential units on top. Attached are the city plans , zoning and use codes for future projects prior to the LA Olympics in 2028. Current / existing business is Your Way constructions a Bathroom/Kitchen remodeling business and granite yard.
THIS UPDATED SPACIOUS DUPLEX HAS TWO UNITS WITH 3 BEDS/2 BATHS AND 2 BED/1 BATH. ROOM TO BUILD AN ADU. BOTH UNITS ARE READY TO MOVE INTO. ADDITIONAL PICS AVAILABLE UPON REQUEST.
Multi-residential property in Palmdale featuring three units, each with 2 bedrooms and 2 baths. All units have access to open parking spaces. Ideal for investors seeking rental income or buyers looking to live in one unit while renting out the others. Strong income potential!
Live in one and rent the others! These are beautiful units which feature: Laundry room inside every unit. Nice curb appeal. Nice size side yard with a few trees. Each unit has their own garage. Property is located in a very nice neighborhood, blocks away from shopping centers.
We are pleased to present a cash flowing 4 unit building in Palmdale with a cap rate of 7.5% in an opportunity zone! Located in Los Angeles County and built in 1988, the property is not subject to City of LA rent control and only subject to CA AB 1482, which allows for 8.9% annual rent increases. Amazing unit mix of three 4 bedroom / 2 bath units and one 3 bedroom / 2 bath unit with total income of $165,396. 2 units are currently vacant, allowing the buyer to achieve market rents! Each unit is spacious, with its own yard, garage, and privacy similar to a single family home. The units are completely remodeled and feature new kitchens, bathrooms, new flooring, in-unit washer/dryers, newer appliances, tiled fireplaces, and garage cabinetry. The occupied units are currently rented to Section 8 tenants, thereby generating consistent cash flow. Each unit also has an attached garage with space for 2 cars and additional parking spaces on the driveway. Set on a large lot of appx. ± 31,131 sq. ft. and in a quiet cul-de-sac, the building presents itself as a tranquil apartment community for renters. Minutes from Palmdale Shopping Mall, Blackbird Airpark, Palmdale Regional Airport, and major aerospace employers such as Boeing, Lockheed Martin, and Northrop Grumman, which are all within a 15 minutes drive from the subject property.
There is a great investment opportunity in Palmdale where these duplex units have been recently updated with tile flooring throughout, central air, central heat, and even have washer/dryer units. Additionally, these units are equipped with built-in microwaves and have undergone a plumbing upgrade to copper plumbing. The water heaters are brand new as well. There is a courtyard that is shared with duplex next to it. It is fenced, and gated for privacy and you can enjoy having a yard without the maintenance. Palmdale is a rapidly growing area, so it's important not to miss out on this opportunity. The units are conveniently located near the Metrolink, shopping centers, and parks are close by. The duplex next door is also available. The condition is exactly the same. Seller would like to sell the units together.
There is a great investment opportunity in Palmdale where these duplex units have been recently updated with tile flooring throughout, central air, central heat, and even have washer/dryer units. Additionally, these units are equipped with built-in microwaves and have undergone a plumbing upgrade to copper plumbing. The water heaters are brand new as well. There is a courtyard that is shared with duplex next to it. It is fenced, and gated for privacy and you can enjoy having a yard without the maintenance. Palmdale is a rapidly growing area, so it's important not to miss out on this opportunity. The units are conveniently located near the Metrolink, shopping centers, and parks are close by. The duplex next door is also available. The condition is exactly the same. Seller would like to sell the units together.
With a zoning of R3, the lot allows for the construction of up to 15 units, offering significant development potential. The property features three separate water, electric, and gas meters, providing individual utility setups for each unit. Each unit is thoughtfully designed, with the convenience of a private garage and a personal backyard. Parking is available on the street or in front of the units, ensuring accessibility for residents. The great curb appeal adds to the overall attractiveness of the property. Noteworthy improvements include a newer roof for two of the back units and the addition of new copper pipes in one of the back vacant units. The occupied back unit boasts a modern kitchen with a newer backsplash and includes a bar counter. The front unit, being larger in size, offers spacious living quarters. Furthermore, the conversion of the garage into an unpermitted third bedroom with a kitchen and bath in one of the units adds versatility to the property. The complex is well-maintained, reflecting the care and attention invested in its upkeep. Situated in a highly desirable area for commuters, the property's proximity to the freeway, train, and highway, as well as nearby shopping options, enhances its appeal. Overall, this triplex presents a promising investment opportunity with substantial upside potential. This triplex listing presents a lucrative opportunity for potential investors or buyers.
Courtesy: ARTHUR DRESCH REALTY
* INVESTOR'S SPECIAL * Turn-key, cash flow on day 1! Long-term tenant over 10+ years. 7% Capitalization. 25% ROI w/ 20% down. Newer built home in a quiet and serene community. This spacious 2280 sq. ft. home boasts 3 bedrooms and 3 bathrooms with a bonus/office/formal dining room. Tile kitchen countertops with spacious island. Central HVAC. Tile roof. Carpet and laminated wood floors. Laundry room Large back yard with firepit and bbq/grill gas hookup. Buyer to verify all info. Selling "as-is"
Courtesy: Your Home Real Estate, Inc.
Courtesy: eXp Realty of California Inc
Palmdale is located in California. Palmdale, California has a population of 167,987. Palmdale is more family-centric than the surrounding county with 35.76% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Palmdale, California is $70,858. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Palmdale is 32.6 years.
The average high temperature in July is 97.5 degrees, with an average low temperature in January of 32.8 degrees. The average rainfall is approximately 8.8 inches per year, with 0.2 inches of snow per year.
